Temesvary, Judit; Ongena, Steven; Owen, Ann L. - 2015
We examine how U.S. monetary policy affects the international activities of U.S. Banks. We access a rarely studied US … bank-level dataset to assess at a quarterly frequency how changes in the U.S. Federal funds rate (before the crisis) and … the existence of a potent global bank lending channel. In response to changes in U.S. monetary conditions, U.S. banks …